Documents of the Senate of the State of New York Volume 19 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...$5,483 79 DISBURSEMENTS Net amount paid policyholders for losses $728 78 Commissions and brokerage, 495 96 Salaries, fees and all other charges of officers, directors, trustees and home office employees 377 00 Rent 60 00 Advertising, printing and stationery 28 25 Postage, telegrams, telephone and express 22 93 Kxpense of adjustment and settlement of losses, including ($125) legal expenses connected therewith 174 19 Income tax 10 90 Total Disbursements $1,898 01 Balance $3,585 78 LEDGER ASSETS Cash in company's office $246 18 Deposits in trust companies and hanks not on interest 2,673 44 Agents' balances representing business written on and after October 1, 1915 646 51 Agents' balances representing business written prior to October 1, 1915 119 65 Total $3,585 78 DEDUCT ASSETS NOT ADMITTED Agents' balances representing business written prior to October 1, 1915 119 65 Total Admitted Assets $3,466 13 LIABILITIES Unearned premiums $2,219 91 Excess of Assets over Liabilities $1,246 22 Reinsured all outstanding risks April 11. 1016, and ceased business EXHIBIT OF POLICIES Number Amount In force December 31, 1014 645 $479,285 Written or renewed in 1916 407 282,054 Totals 1,052 $761,330 Deduct expirations and cancellations 288 204,809 Net amount in force December 31, 1915 764 $556,440 GENERAL INTERROGATORIES In how many counties is corporation transacting business? Five. Does corporation classify its risks? Yes. Are risks inspected? Yes. If so, by whom? Agents. By whom are losses adjusted? Secretary or adjusters. What was ratio or percentage of expense of management to premium income after deducting from such expense any expenses incurred in the inspection of risks and the adjustment of losses and legal expenses connected therewith, during year? 35 per cent. Does su...